/biz/ - Business & Finance

Your insurance premium will on average cost you more than what they will paid put.
It has to fund their cost of employees, marketing, office space, etc.
The pool of funds you hand them is of course invested with enough of it liquid to cover their compensation liabilities. Rest is free leverage for their majority shareholders.
>Buy $1bil shares in insurance company. Get access to 15bil of of collected cucks' bux', which you now invest into your ((buddies)) investment companies. Keep 1 bil liquid.
Also, the incentive to for any reason avoid paying compensation for something you should cover = straight profit. They're experts are this, and you're dumb, and probably at fault here. And if the damages are <$1000, it's not covered. You have to have the premium+ package for that. Also, your premium is higher now because your now in a higher risk category.
Oh, all undiscovered insurance fraud by other costumers reduces what's left for your actual damages, how much is inherently unknown.
Oh yeah, insuring things will make you less careful. It's psychological risk compensation. They premium is has that factored in already. So in a way, you paying to have your shit fucked up.
The money you pay monthly has to cover the shit above. What's left after that is what you will be paid out, on average. Any interaction with insurance is a lose-lose, they're abusing a risk compensation software in you legacy monkey brain.
Bet whatever the monthly premium is on red every month instead. The ROI beats every insurance scheme. Unironically.
>On avarage